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What else can I help you with?
Why do buyers pay a high price for somthing tha is scarce?
This is due to the principles of supply and demand. If a product is in high demand but low supply then sellers will raise the price and maximize profits. They also will pay a high price either because they want the product ( a discretionary decision ) or the need it.
What causes a stock to go up or down?
The demand and supply of a particular stock decides the way its price is going to move. When there are more buyers to a stock than sellers - high demand then its price goes up. When there are more sellers than buyers - high supply then the price goes down. The reason as to why people would want to buy or sell a stock would depend on a variety of reasons like, the company's performance, latest news, global economic situation etc.
What is the communication between buyers and sellers called?
When consumers pay high prices, producers know that they are using their ___________ well.
What is price merchanism?
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
What is the lemon problem?
The lemon problem refers to a market failure that occurs when there is asymmetric information between buyers and sellers, particularly in the used car market. Sellers have more knowledge about the quality of the cars than buyers, leading to a situation where high-quality cars are driven out of the market because buyers are only willing to pay an average price that reflects the risk of purchasing a "lemon" (a low-quality car). This results in a decline in overall market quality and can cause a collapse of the market for high-quality goods. The concept was popularized by economist George Akerlof in his 1970 paper, "The Market for Lemons."
What signal does a high price send to buyers and sellers?
a signal that makes coustermers buy more supplies from te companies
Why do buyers pay a high price for somthing tha is scarce?
This is due to the principles of supply and demand. If a product is in high demand but low supply then sellers will raise the price and maximize profits. They also will pay a high price either because they want the product ( a discretionary decision ) or the need it.
What causes a stock to go up or down?
The demand and supply of a particular stock decides the way its price is going to move. When there are more buyers to a stock than sellers - high demand then its price goes up. When there are more sellers than buyers - high supply then the price goes down. The reason as to why people would want to buy or sell a stock would depend on a variety of reasons like, the company's performance, latest news, global economic situation etc.
On eBay how sellers will know if their prices are too high?
Quite simply, if the listed prices are too high compared to similar products from other sellers, then buyers will shop elsewhere. In short, if something is too expensive, it won't sell.
What is the communication between buyers and sellers called?
When consumers pay high prices, producers know that they are using their ___________ well.
How does the law of supply and demand help determine the price of an item?
By creating a balance between buyers who want low prices and sellers who want high prices -APEX -Just did test so trust me xd
What is price merchanism?
Price mechanism is a term referring to how the change in the prices of commodities affects demand and supply. It is important because it regulates the price in the market, absence of price mechanism may lead to an increase in price once demand gets high.
What did highwaymen do with their stolen goods?
They sold it to worthy buyers. They sold many for a high price.
How does supply and demand affect the price of homes?
It's simple if you have a lot of buyers of one place they will compete and price will go up but if you don't have a buyer at all definiately price will be low like in some areas price are high and in some it's low just because amount of buyers.
Can you provide an example of how the principle of supply and demand affects pricing in the market?
The principle of supply and demand affects pricing in the market by influencing the balance between the availability of a product (supply) and the desire for that product (demand). For example, if there is a high demand for a limited supply of a product, the price is likely to increase as sellers can charge more due to the scarcity of the item. Conversely, if there is a surplus of a product and low demand, the price may decrease as sellers lower prices to attract buyers.
Should rug sellers' increase the price of rugs due to the high demand?
If a product is in high demand, the chances are good that the seller of that product is going to increase the price. It is a basic principle of economics.
If the price of oil rises around the world what will happen to oil production in Texas?
They will produce less of it because when the price raises, the buyers want less of it because the price is too high.
